For sale

Price cut: $49K (1/8)

$750,000

422 Lafayette St NE, Decatur, AL 35601

--beds

--baths

7,654sqft

Est.:

Apartment

Built in ----

-- sqft lot

$528,300 Zestimate^®

$98/sqft

$-- HOA

What's special

Brick with shingle roofHeating and coolingCorner lot

• 8-unit apartment complex in downtown Decatur. • 5- 2 bedroom 1 bath units • 3-1-bedroom 1 bath units • One building is 3,878+/- SQ FT and one is 3,776 +/- SQ FT fully brick with shingle roof • Corner lot at the intersection of Lafayette ST and Well ST • Electricity recently updated each unit has a new breaker box • All units have heating and cooling • 10 on-site parking spaces with extra on-street parking available

442 days

183

3

Tour with a local agent

Facts & features

Interior

Features

Has basement: No

Interior area

Total structure area: 7,654
Total interior livable area: 7,654 sqft

Property

Parking

Total spaces: 10
Parking features: On Street, Driveway-Concrete, Parking Lot, Shared Driveway
Has uncovered spaces: Yes

Features

Levels: Two
Stories: 2

Details

Parcel number: 03 04 17 3 007 009.000
Zoning description: Residential

Construction

Type & style

Home type: Apartment
Property subtype: Apartment

Condition

New construction: No

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Subdivision: Old Decatur

Location

Region: Decatur

Financial & listing details

Price per square foot: $98/sqft
Tax assessed value: $475,600
Annual tax amount: $4,309
Date on market: 1/8/2025

Estimated market value

$528,300

$354,000 - $745,000

$1,081/mo

Price history

Date	Event	Price
1/8/2026	Price change	$750,000-6.1%$98/sqft
Source: ValleyMLS #21878333 Report a problem
1/8/2025	Listed for sale	$799,000+22.9%$104/sqft
Source: ValleyMLS #21878333 Report a problem
10/1/2021	Sold	$650,000+73.3%$85/sqft
Source: Public Record Report a problem
7/7/2017	Sold	$375,000$49/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$4,309 +13.1%	$95,120 +13%
2023	$3,812	$84,140
2022	$3,812 +16.6%	$84,140 +16.6%
2021	$3,269 -3.4%	$72,160 -3.4%
2020	$3,384	$74,700
2019	$3,384	$74,700 +261.9%
2015	$3,384 +272.4%	$20,640 +2.9%
2014	$909	$20,060 -1.5%
2013	$909 -1.5%	$20,360
2012	$922	$20,360
2010	$922	$20,360